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Target Q1 sales up 10.8 percent

Christian Fernsby ▼ | May 22, 2020
Target Corporation announced its first quarter 2020 results, which reflect the impact of rapidly evolving shopping patterns and significant investments in response to the coronavirus pandemic.
Target   First quarter comparable sales grew
First quarter comparable sales grew 10.8 percent, driven by a 12.5 percent increase in average basket, as guests made fewer, bigger shopping trips.

Topics: Target

Store comparable sales increased 0.9 percent. Digital comparable sales grew 141 percent, accounting for 9.9 percentage points of Target’s comparable sales growth.

The company reported GAAP earnings per share (EPS) from continuing operations of $0.56 in first quarter, compared with $1.53 in 2019.

First quarter Adjusted EPS were $0.59, compared with $1.53 in 2019.